Inflation Canada 1948
Average inflation: 14.4%
Current Inflation
Inflation is very high at 14.4%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 17.5%. The lowest inflation was in December at 9.0%.
- Highest month
- February: 17.5%
- Lowest month
- December: 9.0%
- Difference
- 8.5 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 8.8% higher than the 5-year average of 5.6%. This approaches the highest level since records began (14.4% in 1948).
- 5-year average
- 5.6%
- 10-year average
- 4.4%
- All-time high (1948)
- 14.4%
- All-time low (1931)
- -9.9%
Trend
Inflation shows an upward trend. Compared to 1947, inflation has risen by +5.4 percentage point.
- Change vs. previous year
- +5.4 percentage points
- Largest monthly swing
- February: +12.1 percentage points
ECB Target
Inflation is 12.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €114.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1948
Month overview
| Month | Inflation | Difference vs. 1947 |
|---|---|---|
| January | 15.5% | +10.1 |
| February | 17.5% | +12.1 |
| March | 16.3% | +9.8 |
| April | 16.2% | +8.6 |
| May | 14.9% | +5.1 |
| June | 15.7% | +7.2 |
| July | 14.6% | +6.2 |
| August | 15.5% | +8.2 |
| September | 14.2% | +3.8 |
| October | 12.0% | +0.7 |
| November | 11.0% | -1.4 |
| December | 9.0% | -5.4 |
| Average | 14.4% |
Data source
Data from OECD. Last updated: 20/12/2025.